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IoT is a Sustainability Game Changer

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Harvard Business Case for Sustainability

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84% OF IOT DEPLOYMENTS ADDRESS SUSTAINABLE DEVELOPMENT GOALS

The Internet of Things (IoT) is undoubtedly one of the largest enablers for responsible digital transformation.

It is estimated that industrial IoT alone can add $14 trillion of economic value to the global economy by 2030.The economic value increases even more once consumer and public sector IoT are included.

Additionally, as the converging point of emerging technologies of the Fourth Industrial Revolution like artificial intelligence, cloud computing, block-chain, and all the others, the IoT has also tremendous potential to deliver social value.

WEF analysis shows that 84% of IoT deployments are currently addressing, or have the potential to address, the Sustainable Development Goals (SDGs) as defined by the United Nations.

The WEF analysis supports that IoT has development benefits that could be maximized without compromising the commercial viability.

The reason that the IoT is a game-changer for sustainability lies in its technology.

At its core, IoT is about measuring and remotely controlling previously unconnected “things”, reaching people and objects that technology could previously not reach and in the process also help transform our world.